Wall Street Zen Downgrades Brookdale Senior Living (NYSE:BKD) to Sell

Brookdale Senior Living (NYSE:BKD) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

A number of other equities research analysts have also commented on BKD. Barclays raised shares of Brookdale Senior Living from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $8.00 to $14.00 in a research note on Monday, November 10th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Brookdale Senior Living in a report on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Brookdale Senior Living has a consensus rating of “Moderate Buy” and a consensus price target of $10.33.

Brookdale Senior Living Price Performance

BKD stock opened at $10.44 on Friday. The company has a market capitalization of $2.48 billion, a P/E ratio of -9.94 and a beta of 0.96. The company has a fifty day moving average price of $8.63 and a 200-day moving average price of $7.66. The company has a debt-to-equity ratio of 39.87, a quick ratio of 0.83 and a current ratio of 0.83. Brookdale Senior Living has a 52-week low of $4.45 and a 52-week high of $10.58.

Brookdale Senior Living (NYSE:BKD) last announced its earnings results on Thursday, November 6th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.04). The company had revenue of $813.17 million for the quarter, compared to analyst estimates of $825.59 million. Brookdale Senior Living had a negative return on equity of 107.19% and a negative net margin of 7.60%. As a group, equities analysts expect that Brookdale Senior Living will post -0.56 EPS for the current year.

Institutional Trading of Brookdale Senior Living

A number of hedge funds and other institutional investors have recently bought and sold shares of BKD. PNC Financial Services Group Inc. purchased a new stake in shares of Brookdale Senior Living during the first quarter valued at approximately $47,000. Covestor Ltd grew its stake in Brookdale Senior Living by 55.8% in the 3rd quarter. Covestor Ltd now owns 9,576 shares of the company’s stock valued at $81,000 after purchasing an additional 3,428 shares during the period. Strs Ohio bought a new position in Brookdale Senior Living in the 1st quarter valued at $61,000. Levin Capital Strategies L.P. purchased a new stake in shares of Brookdale Senior Living during the 3rd quarter valued at $85,000. Finally, Oppenheimer Asset Management Inc. bought a new stake in shares of Brookdale Senior Living during the 3rd quarter worth $85,000.

About Brookdale Senior Living

Brookdale Senior Living Inc owns, manages, and operates senior living communities in the United States. It operates in three segments: Independent Living, Assisted Living and Memory Care, and Continuing Care Retirement Communities (CCRCs). The Independent Living segment owns or leases communities comprising independent and assisted living units in a single community that are primarily designed for middle to upper income seniors.